South Korean stocks were particularly badly hit, with South Korea's Kospi dropping close to 2%.
The sudden end to talks saw the two leaders cancel a signing ceremony, after they were unable to strike an agreement on North Korea's denuclearization.Hyundai Elevator, a branch of South Korean conglomerate Hyundai, which provides elevators and escalators, lost as much as 19% of its value on the day. Shinwon Corporation, which manufactures handbags and clothes, was down almost 22%.
"As if on cue, more weak data poured out of China," Jasper Lawler, head of research at London Capital Group wrote in an email. Factory activity in China contracted for a third straight month in February as export orders fell to the lowest level since the global crisis, he said.
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